The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …

As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … global crisis is originated from the U.S. and followed another intensive wave of globalization, has led to an unprecedented …

declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …

-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 …